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In the Dem. Rep. of Congo short for DRC, there exists a large network of companies that offer remittance services. These companies cater to both local and international markets offering receiving and sending services.
Types of options to send money
Remittance services, cash pick up remain the popular modes of transferring money in and out of DRC. Inside Congo, mobile money transfers also known as electronic money is also becoming popular for domestic transfers.
For any foreign investor that has legal establishment in the Dem Rep of Congo they can remit money through parallel market.
Restrictions on receiving and sending money
For travellers going to Congo there is a limit of $10,000 that a person can bring with them and any payment over $10,000 has to take place in the banking system.
Any transfers that are made in relation to investments have no restrictions on the amount of money. Changes in exchange regulations will increase the time period that foreigners in the country get from 30 presently to 60 days to send and receive money related to investments.
process to send money
Sending money to Democratic republic of Congo is a simple process
1. Register online with a remittance company
2. Choose beneficiary who will receive money. They can receive money either as cash pick up or in their bank account.